Business Hilights

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Ogoja Rice

Self-financed rice farmers’ in cold war with ABP debtors’ over price crash

A serious cold war is brewing across the Nigerian rice producing enterprises between private investors’ without any form of assistance from the Central Bank of Nigeria’s (CBN) Anchor Borrowers Programme (ABP) and beneficiaries of the scheme. Whereas private investors are…

Ogun joins Anambra, C’Rivers, Ebonyi to flood market with rice soon

Chances of Nigeria achieving food sufficiency in rice may be earlier than expected following the quantum of investments embarked upon both by state governments and private investors in the last one year. Some of the states that have announced the…

Ogoja Rice, improved Abakaliki rice to saturate market before year end

Before the end of 2017, more states that have stepped up rice farming will hit the Nigerian market with their improved products. Indication to this development stemmed from a recent declaration by the Cross River State Governor, Prof Ben Ayade,…